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Hong Kong Exchanges ready to give $39 billion to take over London Stock Exchange

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Christian Fernsby |
London Stock Exchange
Acquisition   London Stock Exchange

Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover approach for the London Stock Exchange.

Topics: Hong Kong Exchanges London Stock Exchange

“The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader,” the Hong Kong exchange said in a statement on Wednesday.

The LSE said it would review the proposal but added that it was committed to and continued to make good progress on its planned acquisition of Refinitiv from a consortium led by U.S. private equity firm Blackstone.

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